COPIN: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
COPIN
Largest movements
- Cash +€272,729
up €272,729 (+257%), from €106,211 to €378,941
mainly Current investments (+€200,000) and Net result for the year (+€136,455)
- Current investments -€200,000
down €200,000 (-100%), from €200,000 to €0
- Financial fixed assets -€120,780
down €120,780 (-99.6%), from €121,280 to €500
- Receivables within one year +€116,944
up €116,944 (+208%), from €56,316 to €173,261
of which Other amounts receivable: +€114,407
- Tangible fixed assets -€9,021
down €9,021 (-5.1%), from €176,965 to €167,944
of which Land and buildings: -€10,194
- Reserves +€136,455
up €136,455 (+27.0%), from €504,691 to €641,146
of which Distributable reserves: +€73,305
- Other debts -€76,018
down €76,018 (-100%), from €76,018 to €0
- Gross operating margin +€21,116
up €21,116 (+12.0%), from €175,610 to €196,726
- Taxes +€4,461
up €4,461 (+10.0%), from €44,558 to €49,019
- Staff costs +€3,876
new in 2025: €3,876
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €671,592 | €733,030 | +€61,438 | +9.1% |
| Fixed assets | 21/28 | €298,245 | €168,444 | -€129,801 | -43.5% |
| Tangible fixed assets | 22/27 | €176,965 | €167,944 | -€9,021 | -5.1% |
| Land and buildings | 22 | €174,425 | €164,232 | -€10,194 | -5.8% |
| Plant, machinery and equipment | 23 | €1,423 | €1,013 | -€410 | -28.8% |
| Furniture and vehicles | 24 | €1,117 | €2,699 | +€1,582 | +142% |
| Financial fixed assets | 28 | €121,280 | €500 | -€120,780 | -99.6% |
| Current assets | 29/58 | €373,348 | €564,587 | +€191,239 | +51.2% |
| Amounts receivable within one year | 40/41 | €56,316 | €173,261 | +€116,944 | +208% |
| Trade receivables | 40 | €18,200 | €20,737 | +€2,537 | +13.9% |
| Other amounts receivable | 41 | €38,116 | €152,524 | +€114,407 | +300% |
| Current investments | 50/53 | €200,000 | €0 | -€200,000 | -100% |
| Cash at bank and in hand | 54/58 | €106,211 | €378,941 | +€272,729 | +257% |
| Deferred charges and accrued income | 490/1 | €10,820 | €12,386 | +€1,566 | +14.5% |
| Total equity and liabilities | 10/49 | €671,592 | €733,030 | +€61,438 | +9.1% |
| Equity | 10/15 | €579,266 | €715,721 | +€136,455 | +23.6% |
| Contributions | 10/11 | €74,418 | €74,418 | = | 0.0% |
| Capital | 10 | €74,418 | €74,418 | = | 0.0% |
| Issued capital | 100 | €74,418 | €74,418 | = | 0.0% |
| Reserves | 13 | €504,691 | €641,146 | +€136,455 | +27.0% |
| Non-distributable reserves | 130/1 | €7,442 | €7,442 | = | 0.0% |
| Legal reserve | 130 | €7,442 | €7,442 | = | 0.0% |
| Tax-exempt reserves | 132 | €96,830 | €159,980 | +€63,150 | +65.2% |
| Distributable reserves | 133 | €400,419 | €473,724 | +€73,305 | +18.3% |
| Profit (loss) carried forward | 14 | €157 | €157 | = | 0.0% |
| Amounts payable | 17/49 | €92,326 | €17,310 | -€75,017 | -81.3% |
| Amounts payable within one year | 42/48 | €92,298 | €17,310 | -€74,989 | -81.2% |
| Trade debts | 44 | €1,609 | €2,641 | +€1,032 | +64.2% |
| Suppliers | 440/4 | €1,609 | €2,641 | +€1,032 | +64.2% |
| Taxes, remuneration and social security | 45 | €14,671 | €14,669 | -€3 | 0.0% |
| Taxes | 450/3 | €14,671 | €14,460 | -€211 | -1.4% |
| Remuneration and social security | 454/9 | - | €208 | +€208 | |
| Other amounts payable | 47/48 | €76,018 | €0 | -€76,018 | -100% |
| Accrued charges and deferred income | 492/3 | €28 | €0 | -€28 | -100% |
| Remuneration, social security and pensions | 62 | - | €3,876 | +€3,876 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,256 | €11,499 | +€242 | +2.2% |
| Other operating charges | 640/8 | €3,006 | €3,082 | +€76 | +2.5% |
| Gross operating margin | 9900 | €175,610 | €196,726 | +€21,116 | +12.0% |
| Operating profit (loss) | 9901 | €161,347 | €178,269 | +€16,922 | +10.5% |
| Financial income | 75/76B | €6,935 | €7,688 | +€753 | +10.9% |
| Recurring financial income | 75 | €6,935 | €7,688 | +€753 | +10.9% |
| Financial charges | 65/66B | €422 | €483 | +€60 | +14.3% |
| Recurring financial charges | 65 | €422 | €483 | +€60 | +14.3% |
| Profit (loss) for the period before taxes | 9903 | €167,860 | €185,474 | +€17,615 | +10.5% |
| Income taxes | 67/77 | €44,558 | €49,019 | +€4,461 | +10.0% |
| Profit (loss) for the period | 9904 | €123,302 | €136,455 | +€13,153 | +10.7% |
| Transfer to tax-exempt reserves | 689 | €58,940 | €63,150 | +€4,210 | +7.1% |
| Profit (loss) for the period to be appropriated | 9905 | €64,362 | €73,305 | +€8,943 | +13.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.